Play to a Draw

Play to a Draw How many times have you been told you have to “Play to Win”?  I have no idea either.  Few people play to lose unless they are forfeiting an engagement to saddle the victor with cost of a … Read More

Policy Manuals

Policy Manuals Here are a couple of thoughts regarding policy manuals in general All policy manuals are  really just  documents copied from somewhere else.  The copies bring with them all of the biases and … Read More

Mugabe’s War Machine, by Paul Moorcraft and Knox Chitiyo

Mugabe’s War Machine, by Paul Moorcraft and Knox Chitiyo ISBN-13: 978-1848844100 p from $18.00 to $35.00 USD Cited from the Amazon Summary: Mugabe’s dictatorship had survived due to the vicious military … Read More

Due Diligence Fails

We have seen many of them; abject total monstrous failures of due diligence that make the headlines. War heroes running newspapers who never served in the armed forces, presidents of companies who do not possess … Read More

Put down the Checklist and get thinking again…

Put down the Checklist and get thinking again… One of your editor’s rants on checklists is people who simply work through the list and stop thinking about the particulars of the situation at hand.   In the … Read More

Don’t Ever Write This Down!

Don’t Ever Write This Down! Don’t write down plans, don’t use the same password for every account,  don’t share your personal information with people who may hack into your accounts, and don’t carry your … Read More

Executive Protection within the Domestic Estate

Executive Protection within the Domestic Estate Some tips on setting up security in the home. It is well-advised to be safe when traveling  or dining out, but we often let our guard down when we are at home, … Read More

Vietnamese Root Kit

Vietnamese Root Kit This Vietnamese Root Kit, which is also known as the M-Root Kit Mobile Hacking Tool, was developed in  Vietnam.  It is a nasty bit of work as it allows even  marginally sophisticated hackers … Read More

Investigations in Myanmar

Investigations in Myanmar We have had investigations in far more difficult circumstances but certainly not in a more challenging country. The first challenge we encountered was the language. Years of isolation kept … Read More

The Trap Of Perverse Incentives

The Trap Of Perverse Incentives An audit was performed on a regional bank in Asia who was doing a great job on big issues.  Compliance was a priority – blocking certain wires and closing a few accounts here and … Read More

Jean-Marie Gustave Le Clézio – Author

Jean-Marie Gustave Le Clézio – Author Our author of choice is Le Clézio, who in our opinion is a very accomplished author. We have read; Desert, Fever, Mondo and Other Short Stories and look forward to reading … Read More

De- Centralised Due Diligence

Most nations’ financial regulations copy those drafted in the US and the EU. These regulations have been promulgated by the Bank for International Settlements (bis.org) through a publication by the Basel … Read More

NYSE Listing Exposes Foreign Firms to Liability For Corrupt Practices

NYSE Listing Exposes Foreign Firms to Liability For Corrupt Practices From a recent filing in US Courts: Broux v. PetroChina Co. Ltd., 13-cv-06180, U.S. District Court, Southern District of New York.   PetroChina … Read More

How Rampant Bribery Is Corrupting U.S. Immigration Integrity?

How Rampant Bribery Is Corrupting U.S. Immigration Integrity? We recently came across an article, entitled HOW RAMPANT BRIBERY IS CORRUPTING U.S. IMMIGRATION INTEGRITY. This article described two recent cases of … Read More

Corruption vs. Our Tasks

Corruption vs. Our Tasks When I was asked to look at corruption and Executive Protectors (EPs), I was thinking about the EP being corrupt and selling information (and, yes, this does happen).  But what hit me was … Read More

Money For Corruption and Homes Scott Free

Money For Corruption and Homes Scott Free Money from corrupt players in Latin America, China and the Middle East are flooding into the US real estate market. Now to be sure, while a lot of the purchases of real … Read More

Coin Dealer Hung Out On A Shingle For Home Loan Fraud

Coin Dealer Hung Out On A Shingle For Home Loan Fraud? Recently one of our consultants was asked to opine on the subject of Customer Due Diligence concerning a financial transaction that was, well, ultimately … Read More

Corporate Excuses to Avoid Compliance and Ethics Programs

Corporate Excuses to Avoid Compliance and Ethics Programs by Michael Volkov Change is difficult. I understand that. Business leaders know the importance of change, adaptation and innovation. However, when it comes … Read More

Double Paradox: Rapid Growth and Rising Corruption in China

Double Paradox: Rapid Growth and Rising Corruption in China Double Paradox: Rapid Growth and Rising Corruption in China by Andrew Wedeman  ISBN 978-0801477768 about 20 dollars. Dr. Wedeman has done a fine job with … Read More

Due Diligence – Examples in Ibiza

So what does a financial investigator do when on a short holiday in Ibiza? Well, he gets bored on the beach after about an hour. He also gets annoyed, as every three to four minutes, yes I timed it, a Senegalese … Read More

Due Diligence by Design

Due Diligence by Design As for managers running a business – we at ÆGIS understand the challenges and difficulties involved…   In addition to the myriad of “normal” business challenges to building, … Read More

OPSEC and New Product Development

OPSEC and New Product Development by Daniel W. Phillips, OCP, PSP A key and sometimes-overlooked factor in the successful development and launch of a new product or technology is protecting it from prying eyes in … Read More

Traveling by Private Jet

Traveling by Private Jet So what do you need to know when selecting a private jet company and their jets when carpentering? Private jet charters, over the past few years, have increased in popularity. More and more … Read More

The Perfect Hire

The Perfect Hire The Perfect Hire or the Perfect Avatar? By Susan Goldberg Novelty makes good reading when it comes to print.  Every journalist looks for an alternative view, a new angle, something new to inspire, … Read More

System-D

  System-D Date line Barcelona, Spain – July 2013 The beach near Port Olympic. System D, The black market, underground businesses, the shadow economy,  – it all works – it has always worked, and designs … Read More

Iranian Sanctions Cause Investment Growth in Georgia

Iranian Sanctions Cause Investment Growth in Georgia A Potential Red-Faced Moment for US and EU Authorities Shaun M. Hassett, CAMS, CDDP A recent Wall Street Journal Article’s opening line reads: “Economic … Read More

Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb

Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb ASIN: B0083DJWGO – List $30.00 There is fragile, robust and now – Anti-fragile. What Taleb calls “antifragile” is that category of things … Read More

Due Diligence Fails

Due Diligence Fails Some Examples to Take Note of… In this month’s Aegis Journal we invite you to look at two cases that include distinct failures in the Due Diligence Process. Each of these, to say the least, … Read More

Sensitivity Analysis and Making An Enemy

Sensitivity Analysis and Making An Enemy In any assessment using competitive intelligence you need to find you competitors products that are making them the largest margins and offer your competing product at cost … Read More

No, You Do Not Do EP Like The Secret Service

No, You Do Not Do EP Like The Secret Service In June I was in San Jose California meeting some of my team members for the upcoming IBA training conference in Arizona this August.  One of my team members was … Read More

Virtual Currency

Virtual Currency In the Wake of Mt. Gox, and Liberty Reserve ~ Where do we Go From Here? There has been plenty of excitement over the past several months in the land of virtual currencies as viable alternatives to … Read More

Gypsies!

Gypsies! Your intrepid editors know no bounds of frauds and this one was, for even us, new and funny.  The Romana or the Gypsies of Europe are a persistent threat to the unaware.  They will requisition anything … Read More

Conflict Minerals

Conflict Minerals New Rules On “Hot Rocks” Further Impact Corporations and Financial Institutions The Democratic Republic of Congo (formerly known as Zaire), or DRC, has been called one of the most violent … Read More

Samsung NX1000 Camera

Samsung NX1000 Camera I have gone through about 10 digital cameras in 15 years.  All under a three hundred dollars. I take pictures for fun, for work and just to remember places I have been and seen.  My first … Read More

Do We Need More Do Diligence?

Do We Need More Do Diligence? How much due diligence do we need?  What sort of due diligence do we need?  What do we need to get to make sure we have our due diligence covered?  Is this due diligence? How much … Read More

An Exercise in Business Continuity

An Exercise in Business Continuity In a  conversation with a senior officer of a large university we discussed operational continuity and what is important. It gave me a lot to think about, what does a major … Read More

Dining Out

Dining Out Our charges often wish to dine out, either as part of entertaining or they are traveling. Handling this common event is easy if you follow a few rules and dangerous if you do not. Must do – know the … Read More

AML and The Securities Industry

AML and The Securities Industry The securities industry is in for a very rude and expensive awaking.  The securities markets, commodities markets, and hedge funds are being used to launder money. No, they are not … Read More

Be Prepared for the Subpoena

Be Prepared for the Subpoena A good investigator was surprised that on a small domestic relations case – all of his records were subpoenaed in an overly broad overreaching subpoena. My guess is that he did some … Read More

“Old MacDonald” of Sanctions Compliance and Customer Due Diligence

“Old MacDonald” of Sanctions Compliance and Customer Due Diligence If you are keeping score, it seems that Sanctions Compliance is a bit like the old nursery rhyme Old MacDonald Had a Farm. You know “…here … Read More

Yemen – The Unknown Arabia

Yemen – The Unknown Arabia by Tim Macintosh-Smith  ISBN 1-58567-001-4  Published at $35.00 by Overlook. I was wandering through a used book store in Prescott, Arizona.  We had just finished a project in Yemen … Read More

Due Diligence: Investigating the Investor

Due diligence is often thought of as a process to be used by the one with the money, to be applied to the representations of the party seeking the money. Thus, why does this need to be turned on its head? Why does … Read More

The Last Remake of Due Diligence

The Last Remake of Due Diligence • 2008 – HOT TOPIC, TRENDING NOW SERIES. BEING PROACTIVE. As the new regulatory regime takes hold with increasing requirements for due diligence. (Thompson Reuters Brochure or … Read More

OPSEC and IPCI, You’re Never Too Small.

OPSEC and IPCI, You’re Never Too Small. Is it fair that the large and the well moneyed companies steal a start-up company’s IPCI? Fairness does not matter, this is what happens. Small companies, entrepreneurial … Read More

Are You Too Small To Need Executive Protection?

Are You Too Small To Need Executive Protection? The need for Executive Protection is unrelated to the size of your bank account or the size of your company.  The need for Executive Protection is a threat based … Read More

National Background Checks for $25.00?

National Background Checks for $25.00? You see the ads sent to Human Resources Departments, National Background checks for only $25.00.   Really, for only $25.00 someone has a database that can check each and … Read More

The Competitor Knows All

The Competitor Knows All You’re a small business, you run a series of stores located at malls.  You have simple merchandise and there are really few if any barriers to entry.  So what do you care if your … Read More

There’s Too Big to Fail, But What About To Small?

There’s Too Big to Fail, But What About To Small? In the Compliance world there is Too Big to Fail… you know, the global financial institutions that are so large that some question whether they are even capable … Read More

The Investment of Travel in Children

The Investment of Travel in Children The editors and contributors of this publication travel a great deal.  We are the savants of our slice in our professions and our narrow bands of knowledge are desired by many … Read More

The Not So Strange Case of Tangerine Investment Management and Axiom Legal Financing Fund

I have been watching the story of Timothy (Tim) Paul Schools, Tangerine Investment Management (TIM) and Axiom Legal Financing (ALF) unwind since last August. David Marchant of Offshore Alert has been doggedly … Read More

Some Signs of Money Laundering

Some Signs of Money Laundering Laundering money is moving money in such a way that the sole economic purpose behind the movement is deny to a viewer or participant the ability of ever knowing the real source of the … Read More

Due Diligence, Standards and The Law

Due Diligence, Standards and The Law If the duty to exercise due diligence is fulfilled, you will have a better hand in court proceedings. But who sets the standards for due diligence? The ISO sets the standards … Read More

Trends In Intellectual Property Loss

Trends In Intellectual Property Loss – A Private Survey Intellectual property loss is defined as any theft, misappropriation, or inadvertent disclosure of an organization’s intellectual property or proprietary … Read More

Do You Need Executive Protection

Do You Need Executive Protection So you are a billionaire – do you need Executive Protection? It not a question of wealth but of risk.  Any person thinking about executive protection should have a risk assessment … Read More

Too Big To Jail? Well, Maybe Not

Too Big To Jail? Well, Maybe Not According to a Reuter’s news article, dated March 22, 2013, The U.S. Treasury is changing its previous posture and plans to hold bankers personally responsible (including … Read More

What Social Media Should I Use?

What Social Media Should I Use? As a business person it depends upon where your customers can be found as well as the marketing model you have designed to reach those customers. If you really know who you customers … Read More

OffshoreAlert Conference Miami

Offshore Alert Conference, Miami Offshore Alert, Miami, FL, May 5th to 7th – is going to be one heck of an event. Your editor L. Burke Files will be speaking with  David Lesperance on Economic Passports: Trends … Read More

Brazilian LTN Bonds

Brazilian LTN Bonds Here, for both your edification and reading enjoyment, is a story of yet another scheme of “bogus bonds” flying around the world of fringe finance. The Brazilian Letra do Tesouro Nacional … Read More

Corruption, How Do We Stop It

Corruption How Do We Stop It Corruption is Fiscal Terrorism?  I have seen this argument and we have a good deal of empathy for the assertion and legitimacy in the assertion of the argument. The difference between … Read More

No More Saturday Mail

No More Saturday Mail A vast majority of those surveyed both in business and at home say that the loss of Saturday mail delivery will not affect them very much. But let’s view this in a bit of a different … Read More

Time To Sell Your Business

Time To Sell Your Business Most businesses are service-based businesses and or, if you will, consultancies.  What do you, as an owner, need to do to get your business ready for sale? Some of the standard answers … Read More

Near Field Communications, Dangers with Cell Phones and Wireless Cards.

Near Field Communications, Dangers with Cell Phones and Wireless Cards. Technology can be our friend and our aid and, at the same time, it can make our job very difficult. Near Field Communications (NFC) is the … Read More

Academic Doping

Academic Doping Academic doping is the off-label use of nootropic drugs “Smart Drugs” for the purposes of improving cognitive ability. These drugs are normally used to treat neurocognitive disorders such as … Read More

Evernote

Evernote Evernote is easily the best known notes app on any platform. You can snap pictures on your phone, write out a store list, store a PDF eBook, and jot down some important class notes, all in the same app. It … Read More

Due Diligence – Innovation

Michael Porter’s Monitor Group went bankrupt. You say who? Michael Porter is a PhD from Harvard who discovered that some companies possess the ability to generate excess and persistent profits because of barriers … Read More

A Question Of Due Diligence

A Question Of Due Diligence The crime of money laundering continues to be a growing area of concern in the United States. Law enforcement agencies and the financial sector devote considerable time and resources to … Read More

United States v Nosal

United States v Nosal In United States v. Nosal the U.S. Court of Appeals for the 9th Circuit held that an employee’s use of confidential information, in violation of their duties to the company and for … Read More

Attempted Assassination of Ahmed Dogan

Attempted Assassination of Ahmed Dogan This last month there was an attempted assassination of Ahmed Dogan, the leader of the Bulgarian Movement for Rights and Freedom.  He was in the process of giving his … Read More

Felons In The Workforce

Felons In The Workforce In 2010 it is estimated that 19.8 million people representing 8.6% of the population of the United States have a felony conviction.  This is almost double what it was in 1980. Within some … Read More

Top Stress Management Techniques You Can Apply NOW

Top Stress Management Techniques You Can Apply NOW Gail Kasper, Author, Television Host It seems that life just doesn’t get easier and we can never catch a break. Every day we run into so much that needs our … Read More

Newest Iranian Sanction Developments

Newest Iranian Sanction Developments US Treasury Advisory: Iran and the Use of Exchange Houses and Trading Companies to Evade U.S. Economic Sanctions against Iran. On January 10, 2013, the U.S. Treasury’s Office … Read More

Hello Kitty Bubbles Gun

Hello Kitty Bubbles Gun It appears that this bubbles gun in the mind of a 5 year old is a weapon of terror.  Yep – a bubble head at Mt Carmel Middle School thought that when a 5 year old wanted to shoot bubbles at … Read More

Due Diligence: Fool or Fraudster?

When we are tasked with looking at the investment of business partners we tend to look for, quite reasonably, a fatal flaw – a reason to say no. This quick discussion is for sifting opportunities into one of two … Read More

Due Diligence – Time To Sell The Business

Our clients typically made their wealth as business persons. They established, ran and nurtured enterprises that grew and provided their families and their charities with great blessings. But now it is time for the … Read More

CMOS terahertz waves

IEEE – Abstract of an article… Up until recently, the terahertz frequency range (0.3 to 3THz) has been mostly addressed by high-mobility custom III-V processes, bulky and expensive nonlinear optics, or … Read More

USA 1934 Series Bonds

USA 1934 Series Bonds Going back 27 years ago I saw my first 1934 Series Bonds – Federal Reserve Note Coupon Bond.  I was told the story of how these bonds were part of a secret cache of bonds from WWII.  The … Read More

Patent Search Tools

Some good patent search tools when doing patent research or looking for help with the research. Resources The US Patent and Trademark Office (www.uspto.gov/) has an excellent pubic interface.  And while not the … Read More

Bodyguard Arrests 2012

Over the years I have amassed a small collection of stories about bodyguard being arrests, here is my collection for 2012. Wrong Place with Weapons Patrick Burke, bodyguard to Michael Moore was arrest in New York … Read More

Build On The Spiritual Side Of Life

by Gail Kasper Are we a bunch of robots? No, of course not. We are living, breathing beings who think, feel, love, offer help and support, create, develop ideas, form beliefs and express ourselves in countless … Read More

Sue Doyle, Travel Agent Extraordinaire

Your faithful Aegis Editors log a lot of miles each and every year, not a million as some nut did this year, but a lot and to difficult destinations. We are not the road rangers you see in airplanes with their … Read More

NACHA Banker

“Its beginning to look a lot like… fraud! During the end of the year with Holiday celebrations, year-end activities and planning for the year ahead, it is also a good time to remind you that the fraudsters are … Read More

Chinese CPAs, Audit Failures

(Press Release from Securities and Exchange Commission) “Washington, D.C., Dec. 3, 2012 — The Securities and Exchange Commission today began administrative proceedings against the China affiliates of each of … Read More

Patent Whiners

I have been reading a series of stories in the Wall Street Journal, Tech Republic, Business Week, Wired etc.. about what a horrible world it is as people are working with Patent Trolls to enforce patent right on … Read More

Suits

If you are going to wear a suit get it tailored. I have seen more undercover officers and EP who look like heck in nice suits.  Some pointers when buying suits. Get measured for your shirts and try them on.  I … Read More

Background Checks, if you advertise them, you better do them.

In a matter of little consequence we found an item of great consequence.  We were asked to perform a due diligence check on a plumbing company that was going to be acquired by our client.  The claims made by the … Read More

Israeli Security

Recently I traveled through Jordan on my way to the Palestinian Association of CPAs Conference in Ramallah.  Coming across the King Husain Bridge through the Allenby Checkpoint I spent over 3 hours in Israeli … Read More

Trade Based Money Laundering

The money launders have been moving physical cash as well as using the financial systems to move money for years and years.  And while the “Black Market Peso Exchange” has been known to be operating between … Read More

Nu Finish Scratch Doctor

[caption id="attachment_4468" align="alignright" width="340"] Nu Finish[/caption] Ok, don’t laugh too hard.  But this product saved me a great deal.  While on a road trip with a rental car I was side swiped in … Read More

Due Diligence: Sanctions and Insurance

Iran used to sail its ships under the flags of Iran, Cyprus and Malta. As these ships came to be known as beneficially owned or operated by Iran, Iran reflagged these ships in Tanzania and Tuvalu and reportedly … Read More

CPAs are Not Fraud Auditors or Security Professionals

I am frustrated with two forms of over reach by the accounting profession. One is the public and many professionals view auditors and CPAs as some sort of Good House Keeping seal of approval on the financial state … Read More

Conflict of Interest

Sometimes I want to scream at professionals who are just not thinking, or accuse them of complicity because what they have done is so egregious. In a recent matter a bakery was sold and there was a dispute on what … Read More

Data Extortion

It is not new but it is becoming much more common.  Many hackers have found that information that is stolen, much like jewelry, has a poor resale value.  An insurance company is more likely to pay more for the … Read More

The Eyes and The Hands

In any political function or celebrity or business function your client has to get in close and get to know people.  Small talk and getting to know people is part of the event.  People want to be near to and be … Read More

Data Breach

Please go to and look at   http://www.privacyrights.org/data-breach I have been told by reliable sources that only about 20% of major data breaches are reported, thus for August we are looking at many hundreds of … Read More

Disaster Recovery

The US just had a Franken Storm, or the Perfect Storm, or The Storm of The Century.  Here are the smartest comments on what you – as a person – need to do from Brian Greenburg, CPA.   www.greenbergcpa.com Some … Read More

Pakistan – Sanctions, terrorism and war.

Sanctions are brewing against Pakistan. The United Nations is threatening sanction on Pakistan for failing to curb anti money laundering and terrorist financing.  Some initiatives are also being taken to improve … Read More

D. Glenn Foster 3 Faces Of The Liar

I just spent 3 days with D Glenn Foster immersed in Kinesic Interview and Interrogation.  All I have to say is I am stunned that so much of what Glenn has developed to go after murders and criminals is so … Read More

Due Diligence from the Corner

Sometimes due diligence is not as easy as one would like to think and compliance requires a bit more creativity. A client of ours works in many African countries. Their primary focus is in agricultural supplies for … Read More

Beneficial Ownership

The US government and its regulators are working very hard on the clarification of what “beneficial ownership” is going to mean and the standards of care that institutions will be required to establish to … Read More

Open Source Innovation

We all get it, innovate or die.   More acutely we must craft profitable innovations that are unique where above average margins can be harvested, at least for a bit of time. The idea of Open Innovation (OI) is … Read More

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